The Solicitors Regulation Authority (SRA) has updated its guidance for firms to ensure that they are adhering to the government’s recent sanctions on both Russian nationals and organisations as a result of the ongoing Ukraine conflict
Lexis®Library update: The SRA states in the guidance that it is to carry out spot checks to assess firms' compliance with the financial sanctions regime.
This update follows a reminder issued to law firms by the SRA stressing the importance of sanctions compliance, following the UK government’s move to impose new financial sanctions on Russia.
Source: Financial sanctions and Russia – update
This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 9 March 2022 and is published with permission. Further information can be found at: https://www.lexisnexis.co.uk/
